About Nito
Nito is a Media & Entertainment company based in New York (United States) founded in 2013, and was acquired by AOL in June 2016. Video live streaming app. The company was acqui-hired. Its focus areas include Consumer, Social Platforms and Horizontal. Its competitors include Facebook, Tagged and VK; 2 of its 3 listed competitors have raised funding.
Company details
Nito was founded in 2013 in New York, United States, as a mobile app in the video streaming sector. Live video broadcasts to friends were facilitated, along with the addition of special effects and real-time messaging features. The platform operated until its acquisition by AOL in June 2016, after which it was merged with Kanvas Labs. The Nito app has since been discontinued, with only the Kanvas App remaining available.
- Headquarters New York, United States
- Stage Acquired
- SectorsMedia & Entertainment
- Website nitoapp.com
- Social LinkedIn
- Acquired by AOL (Jun 2016)
Funding Insights of Nito
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Nito with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2014 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Nito
Nito has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include AOL and New York Angels.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage technology startups are funded by New York Angels network. | newyorkangels.com | New York, United States | ||
Online news, entertainment, and financial content is delivered. | 1983 | aol.com | New York, United States |
Investor details for Nito
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Nito
3 dated milestones of Nito across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Nito is founded.
- Funding First funding round.
- Exit Acquired by AOL.
Competitors of Nito
Nito has 3 listed competitors in our database, 2 of them funded. They include Facebook, Tagged and VK.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| facebook.com | 2004 | Menlo Park, United States | $1.77B | 67,317 | Online social networking and communication services are provided globally. | |
| tagged.com | 2004 | San Francisco, United States | $23.5M | 299 | Mobile/web social discovery website | |
| vk.com | 2006 | St Petersburg, United States | Photos and videos are shared via an app-based social platform. |
Detailed competitors of Nito
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Social Platforms
3 companies that operate in the same segment as Nito (Social Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online social networking and communication services are provided globally. | 2004 | Menlo Park, California, United States | USD 1.77 B | 23,339 | ||
ESports social video streaming platform | 2006 | San Francisco, California, United States | USD 35.12 M | |||
Subscription-based platform for publishers' content management is provided. | 2017 | San Francisco, California, United States | USD 189.5 M | USD 1.45 M | 4,285 |
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Frequently Asked Questions about Nito
Nito was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Nito is headquartered in New York, United States. It is registered at New York, New York, United States.
Nito was founded in 2013 in New York, United States, as a mobile app in the video streaming sector. Live video broadcasts to friends were facilitated, along with the addition of special effects and real-time messaging features. The platform operated until its acquisition by AOL in June 2016, after which it was merged with Kanvas Labs. The Nito app has since been discontinued, with only the Kanvas App remaining available.
Nito has 2 investors. Key investors include AOL, and New York Angels.
Yes. Nito was acquired by AOL in June 2016.